The build up to the late September OPEC meeting in Algiers will undoubtedly be filled with rumors and speculation about the intents of OPEC members and the potential to freeze, increase, or decrease production. News of the meeting and the potential for a production freeze has already created a rise of around 13% in oil price.

Saudi Arabian Oil Minister Khalid Al-Falih said that the he would support an oil-output freeze and the results would likely be positive, but ruled out the likelihood of a production cut. This comes on the heels of Saudi...


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